We study a simple bargaining mechanism in which each player puts a prize to his resources before leaving the game. The only expected final equilibrium payoff can be defined by means of selective marginal contributions vectors, and it coincides with the Shapley value for convex games. Moreover, for 3-player games the selective marginal contributions vectors determine the core when it is nonempty.
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Length: 19 pages Date of creation: 24 Jun 2003 Date of revision: Handle: RePEc:wpa:wuwpga:0306002
Note: Type of Document - Tex; prepared on IBM PC - PC-TEX; to print on HP; pages: 19 ; figures: none Contact details of provider: Web page: http://129.3.20.41
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Find related papers by JEL classification: C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
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Fershtman, C. & Kalai, E., 1993.
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Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)
Inés Macho-Stadler & David Pérez-Castrillo & David Wettstein, 2005.
"Efficient Bidding with Externalities,"
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